Quote:
Originally Posted by sammyg2
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They bought crude at $40/bbl and are giving the finished products away at a fraction of the cost to refine it.
https://www.eia.gov/todayinenergy/prices.php
That does not include a bunch for fed, state and local taxes.
What is really going on is gas stations have tanks full of gas they paid a lot of money for and they don't like the idea of selling to for half of what they paid for it.
So they are keeping the price high knowing they will have to sit on it for a long time. They are hoping the price will climb a little so they won't lose so much on it. Survival of the small businessman.
It's a waiting game as the product has a limited shelf-life.
Eventually they'll have to dump it all at a very low price ..... |
When the price of oil skyrockets, they raise prices 3-4 times each day....citing "replacement" costs for what was purchased much lower in their tanks.
Can't have it both ways....
Yes they can
